Hello and welcome to exampundit. Here is the fourth set of Banking and Financial Awareness Quiz for the Bank Exams in 2017. This is important for the upcoming SBI PO and NIACL Assistant Mains 2017.
1. The measure of return on investments in terms of percentage is called:
1) Hedge
2) Arbitrage
3) Yield
4) Free float market-cap
5) Splits
2. In agriculture, WTO defines all domestic support measures considered to distort production and trade (with some exceptions) fall into the _________.
1) S & D Box
2) Amber Box
3) Blue Box
4) Green Box
5) None of these
3. Andhra Bank was founded in the year of ______.
1) 1923
2) 1908
3) 1891
4) 1935
5) 1928
4. In case of National Electronic Funds Transfer or NEFT, Clearing Centre shall maintain record of all payment instructions processed by it for a period of __________.
1) 10 years
2) 3 years
3) 5 years
4) 8 years
5) 7 years
5. Immediate Payment Service started in _______.
1) 2007
2) 2009
3) 2010
4) 2011
5) 2008
6. Deposit Insurance and Credit Guarantee Corporation or DICGC insures all bank deposits except:
1) Interbank Deposits
2) Deposits of state/central government
3) Current Account deposits
4) Both 1 and 2
5) All 1, 2 and 3
7. How many core industries are there in Indian economy?
1) 7
2) 6
3) 5
4) 9
5) 8
8. Financial Action Task Force is an intergovernmental organization consisting _____ member countries.
1) 36
2) 43
3) 58
4) 47
5) 51
9. Which of the following is an example of Veblen Goods?
1) Audi A8 Cars
2) Organic Potatoes
3) Salt
4) Bajaj Pulsar Bike
5) Domestic Alcohols
10. National Housing Bank is a wholly owned subsidiary of ___________.
1) NABARD
2) RBI
3) Government of India
4) SIDBI
5) Both 1 and 3
- 3
- 2
- 1
- 1
- 3
- 4
- 5
- 1
- 1
- 2
Explanations:
1. The measure of return on investments in terms of percentage is called Yield.
2. In agriculture, WTO defines all domestic support measures considered to distort production and trade (with some exceptions) fall into the amber box. Recently the term was in news when India pushed WTO members to accelerate work on outstanding Doha Round issues.
3. Andhra Bank was founded in the year of 1923.
4. In case of National Electronic Funds Transfer or NEFT, Clearing Centre shall maintain record of all payment instructions processed by it for a period of 10 years.
5. Immediate Payment Service (IMPS) is an instant real-time inter-bank electronic funds transfer system of India started on 22 November, 2010.
6. Deposit Insurance and Credit Guarantee Corporation or DICGC insures all bank deposits except: (i) Deposits of foreign Governments; (ii) Deposits of Central/State Governments; (iii) Inter-bank deposits; (iv) Deposits of the State Land Development Banks with the State co-operative banks; (v) Any amount due on account of and deposit received outside India; (vi) Any amount which has been specifically exempted by the corporation with the previous approval of the RBI.
7. There are 8 core industries in India.
I. Electricity.
II. Coal.
III. Crude Oil.
IV. Natural Gas.
V. Refinery Products (93% of Crude Throughput).
VI. Fertilizers.
VII. Steel (Alloy + Non-Alloy)
VIII. Cement.
8. The Financial Action Task Force (on Money Laundering) (FATF) is an intergovernmental organization founded in 1989 on the initiative of the G7 to develop policies to combat money laundering. The FATF Secretariat is housed at the headquarters of the OECD in Paris with 36 member countries.
9. Definition of Veblen Goods – A good for which demand increases as the price increases, because of its exclusive nature and appeal as a status symbol. For eg. Bajaj Pulsar is not a luxury/exclusive bike, but Harley Davidson bikes are an example of exclusive bikes. Diamond Jewellery is also an example of Veblen Goods.
10. National Housing Bank is a wholly owned subsidiary of the Reserve Bank of India. It is headquartered at New Delhi.
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Team ExamPundit
